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gloomy projection for the eurozone. the bank expects the 17-nation economy to contract again in 2013, meaning another year of recession, but there is a glimmer of hope ahead. >> later in 2013, economic activity should gradually recover as global demand strengthens and our accommodative monetary policy stance and significantly improved financial market confidence works its way through the economy. >> the ecb expects muted growth in 2014, and with inflation falling, the bank might be prepared to lower interest rates again next year if it thinks that could help stimulate the battered eurozone economy. >> the latest unemployment figures from france are not encouraging. the french office of -- statistics office says the jobless rate rose to 10.3% in the third quarter of 2012, a 13- year high. youth unemployment remains at a particular problem -- nearly a quarter of adults under the age of 25 are without a job. that is the highest rate since youth unemployment statistics were introduced in 1999. turning to the markets now, that news from the european central bank was not all gloomy. our co
to do or turn back the clock and return to the politics of old. >> translator: i will bring the economy out of deflation, correct the high yen, lead economic growth, enrich people's lives, and recover an economy where young people don't have to worry about finding jobs. i'll strengthen social security and will promote the reconstruction of the disaster-hit northeast. we'll aim to take back power by winning a majority along with the new komeito party. >> candidates from the following parties are also running -- tomorrow party, new komeito, restoration party, japanese communist party, your party, social democratic party. new party daichi, people's new party, new party nippon, and new renaissance party. candidates are trying to win one of the 480 seats in the lower house. there are 300 single-seat districts. parties win a number of the other 180 seats depending on how much of the proportional representation vote they capture. 1,294 candidates filed to run in the single-seat constituencies. and 1,001 candidates are running for seats in the proportional representation system. they'll share t
. >>> chinese government economists say they expect their economy will grow this year by less than 8%. it would be the first time in 13 years it's dropped below that mark. the government targeted growth of 7.5%. a representative of the chinese academy of social sciences said the economy will grow 7.7%. >> translator: china's exports are slowing because of the european debt crisis and the global economic slow down. >> li said economy bottomed out in the july through september quarter. the country's consumption and industrial output improved in september and october. he predicts growth will rebound next year to about 8.2%. he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group o
pretty well here on the frankfurt floor because the unemployment rate showed that the german economy is still in very good shape. although economists are saying that the german economy also has a long way to go until it has bottomed out because the export business will be more difficult in the near future because of weak other economies, but consumption in germany is going up. >> let's get a closer look at those market numbers. germany's blue-chip dax was higher on the day by about 0.8%, closing at a nice, round number. the euro stoxx 50 also higher. the dow jones industrial average as high as well. the bureau is trading for $ 1.2973. >> a german bank is in trouble with the law. prosecutors raided 13 of the bank's locations, including its munich headquarters, in search of evidence of tax evasion. the bank is suspected of cheating the state out of 124 million euros. share transactions between 2006 and 2008 are the focus of the probe. the bank is not alone. investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money
bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the government of misleading the public about the true c
the eurozone confirms weakness. the economy in finland has slipped into a recession during the last quarter. the belgian economy only managed to stagnate. the services sector in the eurozone only managed to slow down its contraction. the transport companies, trade companies, and other companies of the services sector are far from being able to report a change of trend to the positive. no wonder that the stock market in frankfurt did not really get into gear this wednesday. an exception was made by these stocks -- the stocks of nokia. it announced an exclusive deal with china mobile, the world's largest mobile-phone services provider. they have more than 700 million subscribers. >> let's take a quick look at some market numbers. the dax ended the day at about -- up about 1/4 of 1%. euro stoxx 50 closed just a a tad up. -- just a tad up. the dow jones is at 13,076. the euro is trading at 1.3079. >> un generate -- un secretary general ban ki-moon is calling on nations to come to an agreement about how to stop global warming. he made those comments at the climate talks in qatar. and he is tryin
when they cast their ballots. we surveyed more than 4,000 voters. 31% say the economy is the most important issue in this campaign. 22% cite social security reform. 13% say energy policy. including the use of nuclear power is their top issue. we also asked voters who they believe is more qualified to be prime minister after the lower house elections. 20% say the leader of the governing democratic party . 20% say the leader of the governing democratic party yoshihiko noda, who is currently prime minister. 25% say the leader of the main opposition liberal democratic party, shinzo abe. 49% say neither. our poll also suggests the approval rating for noda's cabinet has hit a record low of 21%. that's down one percentage point from a survey taken a week ago. the disapproval rating fell by two percentage points to 62%. many of the people we spoke to seemed eager to cast ballots on december 16th. 88% told nhk they would go out to vote. >>> new auto sales in japan fell in november for a third straight month, but the pace of decline was so slow that it was almost flat. industry groups said
. the country may be exploring ways to develop its economy quickly by maintaining close relations with both superpowers. jooup kobayashi, nhk world, yangon. >>> from one controversial mineral protect to another, and this time in malaysia, a plant for refining rare earth metals has begun operations one year behind schedule, but protests continue by local residents concerned about the impact on health and the environment. australian mining company lynas began refining rare earths on friday at the plant in malaysia's central state. the facility is the largest of its kind outside china. lynas plans to use it to produce about 22,000 tons a year of rare earths including neodymium. the sux is a key component of electric motor vehicles. china dominates the rare earth market, and companies looking to diversify their supplies are keeping a cleese eye on developments at the plant in malaysia, and japan hopes to secure one-third of its annual supply from the facility when it reaches full capacity. start-up was delayed for more than a year amid protests by local residents and environmental groups. they'
austerity package. the economy has shrunk for the past three years. unemployment and poverty are on the rise, and there's no end in sight to the economic slump. soup kitchens have opened up all over lisbon. the number of needy is growing. so is resentment to those who have placed the conditions on the portuguese government. >> we are under occupation. not a military one, but we are occupied all the same period in many ways, life today resembles life under a dictatorship more than in a democracy. >> members of the military gather at this historic monetary -- monastery for a service. it is a time for quiet contemplation, but the military bishop also expresses the thoughts that are going through many mines. "the situation is explosive," he says, "and uprising can no longer be ruled out." so far, the portuguese have patiently fulfilled all the requirements meted out by distant brussels, but their patience is wearing thin, and so is the military's. >> many officers are beginning to question their treatment by europe and wondering weather our country's independence and sovereignty are not in dange
quite good. it indicates that the economy in china is expanding again. that means that german companies can hope for new orders from china again, and the markets here can hope for new chinese money to be invested soon into german assets. >> let's take a quick look at some market numbers. the dax ended the day almost 1/2 of 1% up. the euro stoxx 50 closed up at 2582. the dow jones is currently going down about 1/4 of 1%. the euro is trading $1.3660. we turn our attention to syria, where the human cost of the civil war is not limited to loss and destruction inside the country. some half a million summer -- syrians are refugees in neighboring countries. >> for those studying abroad in europe, the anxiety about the safety of their loved ones can beat all consuming -- can be all-consuming. >> this man is torn between remaining where he is and returning to war-ravaged syria. he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his family can no longer support him financially. that means he spends
been struggling for months now to turn the country's economy around. today, new figures were released showing the number of people out of work is at a new record high. >> some 4.9 million spaniards are currently registered. that's an unemployment rate of some 25%, and many fear the situation is going to get worse before it gets better. >> long queues at the unemployment office had become a familiar sight in spanish cities, and they keep getting longer. the number of jobless rose for a fourth consecutive month in november. almost 500,000 more are out of work compared to a year ago. >> i wish there were more jobs. we are sinking in unemployment. >> i think the bad situation we are in is going to last at least another two years. >> the government, of course, hopes that is not the case, but so far, it has not had any success in bringing down the jobless rate. >> these are obviously very bad numbers. unemployment continues to rise. we work hard every day to try and change that. we are dealing with a crisis. >> critics at home city government's approach of cutting spending is not working. l
to consolidate his power by showing dedication. kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of the ballistic missile tests. the deal was welcome after the north tested a missile. north korea's leadership has been trying to hold talks with the united states, but officials in washington said they are not ready to accept. china is also applying pressure on its neighbor. arguing that the missile launch could violate u.n. resolutions. nhk world. >> the professor is an expert on the korean peninsula. i spoke with him to get more insight into the korean missile launch. i started with asking him the intention of north korea. >> the mostortant thing for pong i
growth last quarter was lower than expected. the economy grew 5.3% in the july to september period compared to a year earlier. the rate of growth fell two percentage points from the previous three months. it has now remained at the 5% level for three straight quarters. the global economic slowdown is partially to blame. so is the reserve bank of india's measures. the central bank has kept its interest rate high at 8%. that's discouraging to take out loans to buy products such as cars. >>> scientists at the u.s. space agency nasa say a probe orbiting mercury found evidence of water and ice on the planet. 3 the new information comes from the messenger probe. it's been orbiting the planet closest to the sun since 2011. they showed hydrogen in partially shadowed craters. they say it is consistent with that found in water. the total amount of ice on mercury is estimated at 100 billion tons. scientists say it may have been brought by comets or asteroids that crashed on the planet. the existence of life, however, is considered unlikely because of the planet's thin atmosphere. the prospect
Search Results 0 to 12 of about 13